Plan variance due to market and technological changes, development investment, and development delays
First written in FY2016. 22 of 32 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-08-06.
No other company in this theme has enough history to compare yet.
- FY2026-H1WorsenedAnnual report
「During the first six months of the current fiscal year, the business environment for the Group was characterized by solid capital investment in the semiconductor industry, driven by growing demand for AI, including investment related to AI in logic/foundry and memory applications. Meanwhile, the market for power devices slowed, and activity remained sluggish. In the FPD (Flat Panel Display) industry, capital investment remained generally sluggish.」
While AI-related investment in logic/foundry and memory applications remained solid, the slowdown in the power device market and sluggish FPD capital investment were noted, with the impact of market and technology changes emerging differently by field. - FY2025-H1MaterialisedAnnual report
「Sales declined from the same period of the previous year because, although equipment for logic/foundry and mask applications in the semiconductor front-end process performed smoothly, equipment for silicon wafer applications was sluggish due to the impact of lower orders in the previous fiscal year. The FPD front-end process remained sluggish, with a slight increase from the same period of the previous year.」
The decline in orders in the previous fiscal year was reflected in sluggish sales of equipment for silicon wafer applications, while the FPD front-end process also remained sluggish. The divergence from plans resulting from changes in market and customer investment plans continues to be reflected in actual results. - FY2024-Q3MaterialisedAnnual report
「In semiconductor back-end processes, equipment for advanced packaging remained solid. In front-end processes, however, orders decreased from the high level recorded in the year-earlier period, as some customers revised their capital investment plans, mainly for wafer-related equipment.」
Changes in market and customer investment plans materialized as a decline in orders for semiconductor front-end equipment for wafers. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the Group's business environment reflected declining demand for smartphones and personal computers. In the semiconductor industry, capital investment, mainly for memory products, slowed, while in the FPD (Flat Panel Display) industry, capital investment remained generally sluggish.」
Lower demand and slower capital investment are spreading across the semiconductor memory and FPD fields, and the risk of divergences from plans due to market changes continues to materialize. - FY2023-Q3MaterialisedAnnual report
「Order intake was sluggish in the semiconductor back-end process, as some customers reviewed their investment plans during the third quarter of the current fiscal year. In the FPD back-end process, orders were received for equipment for monitor panels and automotive panels, but order intake remained sluggish. Vacuum-related equipment performed smoothly, mainly for electronic components and semiconductor applications. As a result, total segment order intake decreased to ¥10,955 million, down 29.2% from the same period of the previous year.」
Customers’ review of their investment plans was reflected in sluggish orders for the semiconductor back-end process. Order intake in the Mechatronics Systems segment, including the FPD back-end process, was ¥10,955 million, down 29.2% year on year. The impact of changes in market and customer investment plans has been reflected in actual results. - FY2023-Q2WorsenedAnnual report
「In response to slowing demand for smartphones, PCs and televisions, some capital investment in the semiconductor industry, particularly for memory applications, was being reviewed. Nevertheless, capital investment for logic/foundry, power devices and wafers, among other applications, continued to perform solidly. In the FPD (Flat Panel Display) industry, large-scale capital investment for applications such as televisions was undergoing adjustment, while capital investment for monitors and automotive applications continued.」
The review of capital investment in memory applications and the adjustment in large-scale FPD capital investment for applications such as televisions were noted. While changes in market and customer investment plans continue, investment in multiple semiconductor applications, as well as monitors and automotive applications, continues. - FY2023-Q1MaterialisedAnnual report
「In the FPD (Flat Panel Display) industry, large-scale capital investment for applications such as TVs was undergoing adjustment, while capital investment for monitors and automotive applications continued.」
While the adjustment in large-scale FPD capital investment for applications such as TVs continued, investment in monitors and automotive applications continued. Orders in the FPD front-end process remained at low levels for both large panels and small- and medium-sized panels. - FY2022-Q3MaterialisedAnnual report
「Although the FPD front-end process was showing signs of recovery in both equipment for large panels and equipment for small- and medium-sized panels, activity remained at a low level, resulting in a slight increase from the same period of the previous year.」
Although FPD investment is showing signs of recovery, it remains at a low level, and the impact of changes in market and customer investment plans on business plans continues. - FY2022-Q2MaterialisedAnnual report
「Meanwhile, in the FPD front-end process, orders in the previous fiscal year were sluggish due in part to customers’ revision of their investment plans. As a result, sales declined significantly from the same period of the previous year, causing total segment sales to decrease to ¥13,749 million, down 14.1% year on year.」
The sluggish orders in the previous fiscal year resulting from customers’ revision of their investment plans were reflected this quarter in lower sales in the FPD front-end process. - FY2022-Q1MaterialisedAnnual report
「In the FPD front-end process, both equipment for large panels and equipment for small- and medium-sized panels performed poorly due to the impact of lower orders in the previous fiscal year, resulting in a decrease from the same period of the previous year.」
The decline in orders resulting from customers’ revision of their investment plans in the previous fiscal year was reflected this quarter in lower sales of equipment for large panels and small- and medium-sized panels in the FPD front-end process. Meanwhile, delayed customer investment plans were implemented in the FPD back-end process. - FY2021-Q3MaterialisedAnnual report
「The Group's business environment was as follows. In the FPD (Flat Panel Display) industry, front-end equipment remained firm, but some customers postponed investment plans for back-end equipment. In the semiconductor industry, capital investment for both logic/foundry and memory applications progressed smoothly.」
Delays in customers’ investment plans were reflected in the business environment for the FPD back-end process and in declining sales. Meanwhile, investment in semiconductor logic/foundry and memory applications is reportedly proceeding smoothly, with the impact of market changes varying by field. - FY2021-Q2MaterialisedAnnual report
「The Group's business environment was as follows. In the FPD (Flat Panel Display) industry, front-end equipment remained firm, but some customers postponed investment plans for back-end equipment. In the semiconductor industry, capital investment for both logic/foundry and memory applications progressed smoothly.」
Changes in market and customer investment plans materialized as delays in investment plans for the FPD back-end process. Meanwhile, capital investment in semiconductor logic/foundry and memory applications is reportedly proceeding smoothly. - FY2021-Q1MaterialisedAnnual report
「In the semiconductor industry, capital investment remained firm, mainly for logic/foundry applications, and capital investment for memory applications also showed signs of recovery, although some customers delayed their investment plans. Capital investment by OSATs (outsourced semiconductor assembly and test providers) remained firm for advanced packaging equipment, but was weak overall.」
Capital investment for memory applications showed signs of recovery and investment for logic/foundry applications was described as firm, while some customers continued to delay their investment plans and capital investment by OSATs remained weak. Changes in the market and customer investment plans continue to appear in actual results. - FY2020MaterialisedAnnual report
「Orders declined to ¥46,632 million, down 8.6% year on year, partly due to delayed investment decisions and restrained capital investment in some areas. Sales declined to ¥47,141 million, down 11.2% year on year, partly due to lower orders.」
Market changes in the form of delayed investment decisions and restrained capital investment appeared in full-year results as lower orders and sales. - FY2020-Q3WorsenedAnnual report
「During the nine-month period of the current third quarter, the Group's business environment was as follows. In the FPD (Flat Panel Display) industry, capital investment in equipment for both large panels and small and medium-sized panels continued, mainly in China, although some customers postponed deliveries or delayed investment decisions. In the semiconductor industry, capital investment in equipment for logic/foundry applications and in China remained firm, although some customers delayed investment decisions and the recovery in capital investment for memory applications was delayed. In addition, capital investment by OSATs (outsourced semiconductor assembly and test providers) continued to show a restrained trend.」
In addition to the ongoing adjustment in investment in small and medium-sized FPD panels, delayed recovery in memory investment, and restrained OSAT investment, delays in deliveries and investment decisions were noted in some FPD and semiconductor areas. Changes in the market and customer investment plans are affecting multiple fields. - FY2020-Q2WorsenedAnnual report
「In the FPD (Flat Panel Display) industry, some adjustment was seen in capital investment in equipment for both large panels and small and medium-sized panels. In the semiconductor industry, recovery in capital investment for memory applications was delayed, while capital investment for logic/foundry applications and in China remained firm. Meanwhile, capital investment by OSATs (outsourced semiconductor assembly and test providers) showed signs of adjustment.」
In addition to the previously noted delayed recovery in memory investment and adjustment in OSAT investment, signs of adjustment spread to some capital investment in equipment for both large and small and medium-sized FPD panels. Capital investment for logic/foundry applications and in China was described as firm. - FY2020-Q1WorsenedAnnual report
「In the semiconductor industry, recovery in capital investment for memory applications was delayed against the backdrop of weak demand for servers for data centers, while capital investment for logic/foundry applications, including advanced applications, and in China remained firm. Capital investment by OSATs (outsourced semiconductor assembly and test providers) also showed signs of adjustment.」
In addition to the ongoing adjustment in the memory and FPD fields, delays in the recovery of memory investment against the backdrop of weak demand for servers for data centers and an adjustment in OSAT investment were noted, indicating that changes in the market and customer investment plans are broadening. - FY2019MaterialisedAnnual report
「In FPD front-end equipment, both orders and sales declined due to the impact of changes or delays in some capital investment plans for equipment for large panels and small and medium-sized panels.」
Changes and delays in customers' capital investment plans appeared in full-year results as lower orders and sales for FPD front-end equipment. - FY2019-Q3WorsenedAnnual report
「In the FPD (Flat Panel Display) industry, investment in small and medium-sized panels showed signs of adjustment, mainly for smartphone OLEDs (organic EL), while investment in large panels continued, mainly in China for television applications. In the semiconductor industry, semiconductor manufacturers showed signs of slowing capital investment, but capital investment continued against the backdrop of expanding semiconductor applications and other factors. Capital investment also continued in China and among OSATs (outsourced semiconductor assembly and test providers).」
In addition to the adjustment in investment in small and medium-sized panels, mainly smartphone OLEDs, the slowdown in capital investment by memory manufacturers was newly noted, indicating that market changes in the semiconductor and FPD fields are broadening. In FPD front-end equipment, this has also appeared in actual results as lower orders for equipment for small and medium-sized panels. - FY2019-Q2MaterialisedAnnual report
「In FPD front-end equipment, equipment for large panels generally remained firm, but equipment for small and medium-sized panels showed signs of adjustment, resulting in lower orders than in the same period of the previous year.」
The adjustment in investment in small and medium-sized panels, mainly smartphone OLEDs, has continued to appear in actual results as lower orders for FPD front-end equipment for small and medium-sized panels. Meanwhile, equipment for large panels generally remained firm. - FY2019-Q1MaterialisedAnnual report
「In the FPD (Flat Panel Display) industry, capital investment in equipment for large panels remained firm, mainly in China for television applications, while investment in equipment for small and medium-sized panels showed some signs of adjustment, mainly for smartphone OLEDs (organic EL). In FPD front-end equipment, equipment for large panels remained firm, but equipment for small and medium-sized panels showed signs of adjustment and orders declined.」
The adjustment in investment in small and medium-sized panels, mainly smartphone OLEDs, has appeared in actual results as lower orders for FPD front-end equipment. Equipment for large panels remained firm, and sales increased due to contributions from previous orders. - FY2018MaterialisedAnnual report
「Vacuum equipment remained firm, mainly for automotive and electronic component applications, but both orders and sales declined due to changes in customers' capital investment plans and other factors.」
Changes in customers' capital investment plans have appeared in actual results for the current consolidated fiscal year as lower orders and sales for vacuum equipment. - FY2018-Q3MaterialisedAnnual report
「Orders for semiconductor front-end equipment increased substantially for Chinese manufacturers, resulting in higher orders. Sales remained firm despite the impact of changes in the capital investment plans of major foundries and other factors.」
Changes in the capital investment plans of major foundries have appeared as an impact on sales, and the risk of plan deviations caused by changes in the market and customer investment plans continues to materialize. Meanwhile, sales remained firm due to higher orders from Chinese manufacturers. - FY2018-Q2MaterialisedAnnual report
「In semiconductor front-end equipment, orders for foundry customers declined due to changes in customers' capital investment plans and other factors, while orders from Chinese manufacturers increased, resulting in firm performance. Sales declined due to the impact of lower orders from foundry customers.」
Changes in the market and investment environment, namely changes in customers' capital investment plans, have led to lower orders and sales for foundry customers. Lower orders for vacuum equipment due to similar changes in customers' capital investment plans have also been reported. - FY2018-Q1MaterialisedAnnual report
「Orders for vacuum equipment declined due to changes in customers' capital investment plans and other factors.」
Changes in customers' capital investment plans have appeared in actual results as lower orders for vacuum equipment, making the risk of plan deviations caused by changes in the market and investment plans concrete for an individual product. - FY2017-Q3WorsenedAnnual report
「Orders for FPD (Flat Panel Display) front-end equipment declined from the same period of the previous year due to the impact of changes in investment plans as customers shifted investment from LCDs to OLEDs, as well as the impact of yen appreciation. Sales also declined from the same period of the previous year in line with the decrease in orders.」
Changes in investment plans resulting from the shift in investment from LCDs to OLEDs extended beyond lower orders through the previous quarter to lower sales. The impact of plan deviations caused by market and technological changes is expanding. - FY2017-Q2MaterialisedAnnual report
「Orders for FPD front-end equipment declined due to the impact of changes in investment plans as customers shifted investment from LCDs to OLEDs, as well as the impact of yen appreciation, but sales increased, mainly for small and medium-sized panels.」
The shift in investment from LCDs to OLEDs, reflecting changes in the market and technology, has appeared as changes in customers' investment plans and lower orders, making the risk of plan deviations concrete. - FY2016First statedAnnual report
「Competition, increased development investment, development delays, and rapid market changes may cause the business plan for the business in question to diverge from its original assumptions.」
Indicates that, in pursuing business growth, competition, increased investment, development delays, and market changes may cause plans to diverge.